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The Insight Partner
Rising Investment in AR and VR Technologies to Create Lucrative Opportunities for Volumetric Video Market throughout 2021–2028
NEW YORK, UNITED STATES, October 25, 2022 /EINPresswire.com/ — According to our newest market research, titled ” Volumetric Video Market Size, Share and Forecast to 2028 – COVID-19 Impact and Global Analysis By Volumetric Capture (Hardware, Software, and Services) and Application (Sports Events and Entertainment, Medical, Signage and Advertisement, E-commerce, Video Games and Esports, Training, Education, Video Streaming and Alternate Realities, Tourism, and Others)”. The volumetric video market is anticipated to develop from US$ 1,898.7 million in 2021 to US$ 9,685.7 million by 2028; it’s estimated to develop at a CAGR of 26.2% from 2021 to 2028.
Global Volumetric Video Market Growth Values, Regional and Industry Scope:
Market Size Value in- US$ 1,898.7 Million in 2021
Market Size Value by- US$ 9,685.7 Million by 2028
Growth rate- CAGR of 26.2% from 2021 to 2028
Forecast Period- 2021-2028
Base Year- 2021
No. of Pages -197
No. of Tables- 88
No. of Charts & Figures- 70
Historical knowledge available- Yes
Segments covered- Volumetric Capture, and Application
Regional scope- North America; Europe; Asia Pacific; Latin America; MEA
Country scope- US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage- Revenue forecast, firm rating, aggressive panorama, progress elements, and developments
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According to the article revealed by Education Technology in July 2021, regardless of the financial uncertainty created by the COVID-19 pandemic, ~ 64% of fifty UK-based traders assume that funding in digital actuality (VR) and augmented actuality (AR) will improve within the coming years. Mixed actuality applied sciences, equivalent to AR and VR, offered great advantages to a number of world finish customers, together with sports activities & leisure, medical, commercial, retail & e-commerce, video video games, training, and tourism sectors. AR has grow to be in style due to developments in cellular know-how by permitting prospects to visualize and take a look at issues earlier than buying them. Thus, a number of investments in AR and VR applied sciences are as follows:
• According to an article revealed by Crunchbase Inc. in January 2022, ~US$ 3.9 billion of enterprise capital rolled into startups within the digital and augmented actuality software program and {hardware} house in 2021.
• In October 2021, Magic Leap (Florida-based AR headset maker) had raised US$ 500 million as funding.
• In November 2021, Niantic (a San Francisco-based AR platform) raised US$ 300 million from Coatue to construct the real-world metaverse, valuing Niantic, Inc at US$ 9 billion.
• In November 2021, NAVER Z (a South Korea-based 3D avatar software developer) had launched a US$ 100 million fund to promote its newly launched plugin powered by Unity (a platform which allows creators to develop 2D and 3D content material for cellphones, PCs, or digital actuality gadgets).
• In 2019, Lululemon invested in Mirror (a health tech agency), which makes use of good mirrors to ship train classes at shoppers’ properties. Mirror accomplished a US$ 34 million Series B funding spherical, led by hedge fund Point72, counting Lululemon and Karlie Kloss as contributors.
• In June 2017, Yahoo Japan had invested within the enterprise actuality fund, centered on making investments in digital actuality, augmented actuality, and combined actuality.
Volumetric Video Market: Competitive Landscape and Key Developments
4Dviews; Microsoft Corporation; Sense of Space; Tetavi; DGene Inc; Omnivor; Arcturus Studios Holdings, Inc.; Evercoast; 8i; mantis imaginative and prescient ltd.; Dimension; Canon Inc.; Sony Corporation; StoryFile; Imverse SA; VOLUMETRIC CAMERA SYSTEMS; HoloCap; Volucap; EF EVE; Magic Leap, Inc.; and KDDI Research, Inc. are the few key gamers working within the world volumetric video market. Several different market gamers have been analyzed to perceive the market.
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Impact of COVID-19 Pandemic on Volumetric Video Market
The demand for digital advertising and marketing options was hampered due to varied containment measures, equivalent to business shutdowns, lockdowns, and journey limitations, main to a decline within the adoption of volumetric video. Thus, there was an opposed affect on the volumetric video market within the first half of 2020. However, the business actions have quickly recovered from the final quarter of 2020. The volumetric video market gamers predict regular progress within the demand from enterprises.
Volumetric Video Market Insights
Based on volumetric seize, the volumetric video market is segmented into {hardware}, software program, and providers. In 2021, the {hardware} phase accounted for the most important share within the volumetric video market. Based on software, the volumetric video market may be segmented into sports activities occasions and leisure, medical, signage and commercial, e-commerce, video video games and esports, coaching, training, video streaming and alternate realities, tourism, and others. In 2021, the sports activities occasions and leisure phase accounted for the most important market share. By geography, the volumetric video market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the most important share within the world volumetric video market.
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The Insight Partners is a one cease trade analysis supplier of actionable intelligence. We assist our shoppers in getting options to their analysis necessities by means of our syndicated and consulting analysis providers. We specialise in industries equivalent to Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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